Paul Krugman

Paul Krugman @paulkrugman

And the overall outlook for these states looks relatively grim 3/ https://t.co/zOQKIvwzun — PolitiTweet.org

Paul Krugman @paulkrugman

Manufacturing in battleground states appears to be sputtering 2/ https://t.co/Gxf9R2lHLl — PolitiTweet.org

Paul Krugman @paulkrugman

Predictions are hard, especially about the future. But a lot of indicators are pointing to an economic slowdown – not a recession, but doldrums – over the near future. GDP "nowcast" are definitely meh 1/ https://t.co/IPBgLZA5xX — PolitiTweet.org

Paul Krugman @paulkrugman

A decline in the yuan could help this process. Overall, Trump's tariffs will probably hurt Chinese exports less than the administration imagines. They're not nothing, but there are various end runs available 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

There may also be a sort of grand trade diversion, in which America starts getting stuff from Vietnam and Bangladesh while Japan and Europe shift toward purchasing from China -- which has been cutting tariffs on everyone except us 3/ https://t.co/d0hPU2skPg — PolitiTweet.org

Paul Krugman @paulkrugman

But that's probably not the whole story. These days, China has moved part way up the value chain -- it's no longer just the place of final assembly for goods whose guts are produced in richer countries. So final assembly of Chinese components can be shifted too 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Of course some Chinese goods are bypassing the Trump tariffs by being transshipped through Vietnam and other countries 1/ https://t.co/wO4G4mKNze — PolitiTweet.org

Paul Krugman @paulkrugman

Seriously, these days cryptocurrency is the last refuge of scoundrels — PolitiTweet.org

Paul Krugman @paulkrugman

The Trump tax cut has been an economic disappointment and a political bust. So of course Boris Johnson proposes following in Trump's footsteps https://t.co/308OGxMpaW — PolitiTweet.org

Paul Krugman @paulkrugman

RT @lizrhoffman: Morgan Stanley analysts on ZuckerBucks: "What legitimate payments need exists that a Facebook-led crypto consortium can un… — PolitiTweet.org

Paul Krugman @paulkrugman

My take from a few years ago 2/ https://t.co/4TH0CFoqHy — PolitiTweet.org

Paul Krugman @paulkrugman

The international role of the dollar sounds like it's very important, and everyone agrees that it is – except economists who've actually studied the issue, and don't think it's a big deal 1/ https://t.co/ODISTIbFQO — PolitiTweet.org

Paul Krugman @paulkrugman

It still boggles the mind that many states are turning down free money to provide healthcare to their own citizens, with rural residents in particular paying a terrible price for this gratuitous cruelty https://t.co/cAW9ktjpRp — PolitiTweet.org

Paul Krugman @paulkrugman

And these high-tax, high-benefit countries do fine, with better prime-age employment, higher life expectancy, and generally higher life satisfaction than we have. So they're living, breathing, aquavit-drinking refutations of everything conservatives say. 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

And of course the labels aren't the issue. The fact is that the Nordics have vastly more generous welfare states than we do, paid for by much higher taxes. Here's taxes as % of GDP 2/ https://t.co/SYR8rE5WMZ — PolitiTweet.org

Paul Krugman @paulkrugman

Progressives: the Nordic countries aren't socialist, they're social-democratic, and they work Conservatives: Hah! Progressives are wrong, the Nordics aren't socialist! Progressives: Huh? 1/ https://t.co/xg9XXoi9Ga — PolitiTweet.org

Paul Krugman @paulkrugman

Self-Inflicted Medical Misery https://t.co/LUhf1Gq4xP — PolitiTweet.org

Paul Krugman @paulkrugman

RT @TaxPolicyCenter: This morning, 18 billionaires asked the 2020 presidential candidates to increase taxes on people like them, the wealth… — PolitiTweet.org

Paul Krugman @paulkrugman

OK, you get the point. Anyone who thinks that economists – even authors of principles books – haven't paid attention to the big stories of recent years just hasn't done his homework 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

Ah, here we are. Samuelson saying that "the little picture is the big picture" – which is exactly what the 2008 crisis and aftermath proved wrong 5/ https://t.co/mdEkvGRgk5 — PolitiTweet.org

Paul Krugman @paulkrugman

1st edition was 2005, by the way, so this was before the Great Recession – but we had been strongly influenced by the Asian crisis of the 1990s. At the time, by the way, Samuelson was dismissing macroeconomics as useless 4/ https://t.co/JRR81BOwZE — PolitiTweet.org

Paul Krugman @paulkrugman

So Samuelson's complaint about "economics" is really a complaint about one book – a book that has from the beginning downplayed recessions and crises. When Robin and I wrote our book, we decided from the 1st edition that short-run fluctuations were still a big deal 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

And here's the thing: Samuelson's big complaints about Mankiw are that he doesn't talk much about the Great Recession or the risks of financial panic. Um, our textbook talks a LOT about the GR and about how shadow banking brought a modern version of bank runs back 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Ahem. Robert Samuelson says we need to tear up our economics textbooks based on his reading of Greg Mankiw. But you know, there are other best-selling textbooks 1/ https://t.co/ESlagGRtsh https://t.co/53XR0aqyAi — PolitiTweet.org

Paul Krugman @paulkrugman

Oh God. And I thought my cherry-pineapple bologna was bad https://t.co/ESlagGRtsh — PolitiTweet.org

Paul Krugman @paulkrugman

Some thoughts about how great wealth has led to great policy errors https://t.co/gqZGY4ShUQ — PolitiTweet.org

Paul Krugman @paulkrugman

This could be moving some kind of Overton window, or it might just be Carlson being utterly ignorant — PolitiTweet.org

Paul Krugman @paulkrugman

RT @daveweigel: Belatedly noticed this line from Trump’s ceremony for Art Laffer’s Medal of Freedom. Trump graduated from Wharton in 1968.… — PolitiTweet.org

Paul Krugman @paulkrugman

Two reactions to the amazing Iran story: 1. Gentlemen! No fighting in the war room! 2. Who wants to be the last man to die for a tweet? — PolitiTweet.org

Paul Krugman @paulkrugman

Meanwhile, people who insisted that Fed policy would produce hyperinflation in 2009-2010 – and have never acknowledged that they were wrong – are running economic policy. It's survival of the wrongest, on every front 2/ — PolitiTweet.org